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MetaDAO Co-Creation: "Ownership Token" combining on-chain governance and a novel legal structure to create true ownership
BlockBeats News, December 12th, at the Solana Breakpoint Conference, Proph3t, co-founder of the Solana ecosystem governance project MetaDAO, stated that MetaDAO has achieved true ownership on Solana through "ownership coins," primarily through two components:
Governance/Market Oversight Component: Similar to a DAO but not as extreme. It only proposes 2 to 4 times a year, such as issuing new tokens for OTC investment round fundraising. Users do not vote but instead participate through transactions.
Legal Structure Component: Prevents project rug pulls. The founder transfers intellectual property to an entity that points to the on-chain market system. If the business succeeds or is acquired, the proceeds will be returned to token holders, and the founder cannot take it all.
Proph3t emphasized that "ownership coins" address the pain points of traditional DAOs, providing encrypted projects with real legal protection and ownership transfer.
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